coincodex.com
In a move to transform how businesses and retail customers engage with corporate environmental initiatives, The Zilliqa Group is partnering with GMEX Group and its initiative, ZERO13, to launch a first-of-its-kind carbon offset platform.
With the new platform, Zilliqa group and GMEX aim to improve the usefulness of ZERO13, a digital climate fintech aggregation ecosystem. The move will appeal to eco-friendly businesses and will also attract environmental-conscious users to Zilliqa and GMEX. It is healthy for the Zilliqa ecosystem and could also boost ZIL's price in the long run.
Improving the Climate Tech Domain
Over the years, carbon offset initiatives have been run in an opaque, manual, and fragmented manner. Zilliqa Group and GMEX's ZERO13 plan to introduce the transformation needed for the modern era. By utilizing blockchain infrastructure, the partners will instill trust in the processes, ultimately improving efficiency in the fight against climate change.
A transformative solution, the proposed platform will set a new benchmark for corporate sustainability and also democratize carbon offset processes. It will bring every stakeholder closer to a common goal and offer an efficient and transparent platform for all to play a part in the evolving environmental narrative.
Speaking on the announced partnership, Zilliqa Group CEO, Matt Dyer, said:
“In the age of information and digital transformation, our partnership with GMEX ZERO13 represents a conscious step towards a greener future. Through this platform, every individual can be a stakeholder in the global fight against climate change. By bridging the gap between carbon credit producers and environmentally conscious consumers, we are ushering in a new era of sustainability. Leveraging Zilliqa's eco-friendly blockchain, we aim to redefine the consumer experience, making carbon offsetting not just accessible but also engaging and empowering.”
An Innovative Carbon Offset Platform
Zilliqa Group and GMEX ZERO13 are set to deliver a cutting-edge platform that will utilize EVP, the blockchain-based currency, to represent carbon credit offsets. Customers will receive EVP tokens on the Zilliqa blockchain when they purchase goods and services from partner brands. They will then have the opportunity to use the tokens to fund environmental initiatives of their choice.
To make the process as efficient as possible, the EVP tokens have advanced programmable features, including expiry conditions. If, for instance, an EVP token is not allocated to a carbon offset initiative within a specific period, it will either be burned or returned to the original owner. The goal, of course, is to facilitate timely contributions to sustainable initiatives.
An All-Inclusive Approach to Carbon Offset
Another impressive thing about the one-of-a-kind platform is that it will carry everyone along. Below, we’ll briefly discuss how different stakeholders will interact and benefit from the new platform:
Retail Customers
Already, we’ve mentioned how retail customers will get EVP tokens once they buy goods and services from Zilliqa partner brands. We also hinted that they can channel their tokens to funding carbon-credit offset initiatives of their choice.
The ability to determine the environmental projects they will fund with their EVP tokens gives retail customers the power to influence carbon neutrality efforts. At the same time, it will help environmentally-conscious consumers make informed decisions when purchasing goods and services.
Producers of Carbon Credits
One of the biggest benefits of this platform to producers of carbon credits is the improved visibility their projects will get. Also, there is no denying the fact that it presents one of the most innovative ways to raise funds for environmental projects.
The new platform is set to serve as a reliable digital bridge between environmentally-conscious consumers and climate-focused initiatives. By improving transparency in the fight against climate change, it will attract more people to join noble courses.
Businesses and Corporate Entities
Businesses will also benefit from the platform in various ways. For a start, it will give them ample opportunities to lead in corporate sustainability. They will find a clearer path to environmental responsibility by leveraging a new, blockchain-powered platform for climate initiatives.
Thanks to its transparent nature, businesses will be more satisfied when they can see how their carbon offset efforts and those of their customers are allocated to desired projects. Considering that most markets are becoming more environmentally aware, the platform will help to strengthen brand credibility and boost customer trust.
Wrapping Up
For the first time, we’re going to witness the power of a seamless and transparent carbon offset platform that leverages blockchain technology. Thanks to Zilliqa’s integrated infrastructure and eco-friendly blockchain, as well as GMEX’s multi-asset trading capabilities, businesses, carbon credit producers, and retail customers can contribute to environmental courses with ease and trust.
While the partnership builds on GMEX’s existing services, especially its integration with ZERO13, it relies on Zilliqa Group’s blockchain infrastructure. It is expected to contribute positively to Zilliqa’s ecosystem growth. This is a good time to keep an eye on Zilliqa's price prediction as the group continues to make headways in different sectors.